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4-Traders Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Ericsson    ERIC B   SE0000108656

ERICSSON (ERIC B)
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NCLT accepts Ericsson's insolvency petitions against RCom

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05/17/2018 | 07:04am CEST

India’s National Company Law Tribunal has reportedly admitted three insolvency petitions filed by Ericsson against debt-laden Reliance Communications, which could threaten the operator’s plan of selling its wireless assets to Reliance Jio Infocomm.

The tribunal’s dedicated bankruptcy court has admitted the three petitions nearly eight months after Ericsson filed an NCLT plea seeking to recover 11.5 billion rupees ($169.5 million) in unpaid dues, the Economic Times reported.

According to the report, Ericsson will now be asked to suggest the name of an interim resolution professional that...

(c) 2018 Questex Asia Ltd. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
RELIANCE COMMUNICATIONS -11.15% 13.55 End-of-day quote.-57.99%
RELIANCE INDUSTRIES 0.07% 934.8 End-of-day quote.1.52%
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Financials ( SEK)
Sales 2018 193 B
EBIT 2018 6 532 M
Net income 2018 -746 M
Finance 2018 12 946 M
Yield 2018 1,59%
P/E ratio 2018 -
P/E ratio 2019 35,37
EV / Sales 2018 1,10x
EV / Sales 2019 1,08x
Capitalization 226 B
Chart ERICSSON
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Ericsson Technical Analysis Chart | ERIC B | SE0000108656 | 4-Traders
Technical analysis trends ERICSSON
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 60,0  SEK
Spread / Average Target -11%
EPS Revisions
Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Senior Vice President & Chief Technology Officer
Torbjörn Nyman Director
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